Analyst Sameer Joshi from H.C. Wainwright reiterated a Buy rating on Oklo Inc and increased the price target to $90.00 from $55.00.
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Sameer Joshi has given his Buy rating due to a combination of factors that position Oklo Inc. favorably in the market. The company is making significant strides in regulatory processes, particularly with the pre-application readiness assessment for its Aurora Powerhouse, which is a crucial step towards obtaining the combined license application. This progress is bolstered by bipartisan support for nuclear energy in the U.S., which creates a favorable macroeconomic environment for Oklo’s growth.
Furthermore, Oklo stands to benefit from increasing demand in the electricity market, driven by the expansion of AI and data center infrastructures. The company also gains from legislative support, such as the ADVANCE Act of 2024 and executive orders that have accelerated the approval timeline for nuclear projects. Additionally, Oklo’s unique capability to use down-blended uranium and plutonium-based fuels provides it with a strategic advantage. The company’s focus on developing its radioisotopes business through its proprietary VIPR technology further strengthens its position by addressing supply chain inefficiencies.